Posted by VenFx > 2016-04-23 16:56 | Report Abuse

FL very well known to be an utility grade plywood quality manufacturer.
Only problem is they dont have forest land to source for log.
They use to buy from Sandakan & Keningau.
Seen, so far they have get to use it, and the log suppliers are please to be in contact with FL.

Posted by Steven Liew > 2016-04-23 17:54 | Report Abuse

Now we know FL bottom out px is @.

10

From the chart we know FL bottom px is 2.10

Posted by Ong Lie Chin > 2016-04-23 19:11 | Report Abuse

Tiu! When it start to drop,then you will run fast fast I know! All chickens!I have 6000units at 2.06.....I throw alr at 225...making nice profit! When it up, better throw! Dun be naive it will all the way to rm3....but if it does, then I congrats u all....

Posted by RosmahMansur > 2016-04-23 20:25 | Report Abuse

Anyone of u guys here will be attending the AGM on May 20th 2016?

Posted by 77huat77 > 2016-04-23 21:04 | Report Abuse

Rosmah I bought it last Friday can I join the crowd?

Posted by chl1989 > 2016-04-23 21:29 | Report Abuse

Small time investor like me dont have the skill to buy at the lowest and sell at the highest like ong lie chin. I only know its fa is perfertly fine and my newbie calculated intrinsic value is AT LEAST rm3 :)

Posted by RosmahMansur > 2016-04-23 21:44 | Report Abuse

77huat : yes u may attend as long as u still holding yr shares by 20th May.

chl1989 : how r u doing?

Posted by bracoli > 2016-04-23 22:30 | Report Abuse

hi rosmah how r u doing? still got mood in stock market? hows ur jewel collection?

Posted by 77huat77 > 2016-04-23 23:04 | Report Abuse

Rosmah Thanks for your info

Posted by chl1989 > 2016-04-24 00:24 | Report Abuse

Rosmah, i sleep well every night by holding flbhd shh perstim ccb and kesm :)

Posted by RosmahMansur > 2016-04-24 07:29 | Report Abuse

@bracoli : im doing good, just being busy lately no time to update status here and there unlike someone else very free. Jewels collections of mine are steady and stable and are increasing in values lately.

@huat77 : yamw

@chl1989 : good to hear that u can sleep soundly day and night..same as me too, no need to worry if holding good FA stocks.

Posted by curious2 > 2016-04-24 10:46 | Report Abuse

If good why directors must dispose?
http://klse.i3investor.com/servlets/stk/annchdr/5197.jsp

Posted by Johnnys > 2016-04-24 11:26 | Report Abuse

Look like 逃命波！！！！

Posted by chl1989 > 2016-04-24 12:22 | Report Abuse

Haha. Could it be from right hand to left hand? :)

Posted by stockmanmy > 2016-04-24 14:21 | Report Abuse

2.50 or 2.10?


even odds.

Posted by tksw > 2016-04-24 15:02 | Report Abuse

curious 2 sifu, may be this director wanna to make his total net worth of shares down by freaking people out ?

Posted by Louisong > 2016-04-24 15:51 | Report Abuse

卖票的是大公子，林浩佑。要求完美股票请到梦中求。
笫二，至那些鸟人，不是富佳股东不要来这里说鸟话。我操

Posted by Probability > 2016-04-24 16:16 | Report Abuse

muscle - thanks for the kind courteous warnings you had been giving to all of us in many forums..

kindly share us also what are the stocks that makes you feel confident too?
Coz saying which one is bad.. without saying which is good is like saying nothing = ZERO.

kindly share this info, muscle -
please show us that u got real muscles ;)

Posted by Icon8888 > 2016-04-24 16:28 | Report Abuse

muscle you could be right in whatever you said, but try to be a bit nice. What do you gain from being so harsh ?

Posted by bracoli > 2016-04-24 16:34 | Report Abuse

hi muscle tenkiu for your insight. i am newbie, new learner.. can we predict price will go down based solely on volume? hope to hear from u.

Posted by 77huat77 > 2016-04-24 16:53 | Report Abuse

All there is to investing is picking good companies at the right times and staying with them as long as they remain good companies.

Posted by Louisong > 2016-04-24 17:00 | Report Abuse

每只股的论坛都应该是作正面交流，互相提醒，互相学习帮助大家提升投资。
而不是每次来这说鸟话，俺们不须要你的鸟话，我操。估神m
要知道股票除了作功课之别还要有运气缺一不可。
24/04/2016 16:59

Posted by Parkson > 2016-04-24 17:33 | Report Abuse

Agree. FL Bhd is not Tenaga, Maybank, PBB or Genting type.

Posted by muscle > Apr 24, 2016 05:08 PM | Report Abuse
Pls remember ya, a high flying counter doesnt mean it wil b best performer in d future.. Look at dsonic, now wat to up oso susah.... Unless it is a bluechip or dominant player without much competition, local or foreign funds wil relook at tay counter after corection

Posted by Louisong > 2016-04-24 17:36 | Report Abuse

D鸟，不是因为政治撑腰它会这样。俺的富佳不能和D鸟相提并论。
最后请不要来这放话，因为你不是来帮助地.

Posted by tksw > 2016-04-24 17:55 | Report Abuse

Drop will give n time chansy to buy again, I so love this FLB swing swing swing,,, tok it down lar kakaka

Posted by voon1900 > 2016-04-24 18:32 | Report Abuse

open bet..tmr down 5sen...

Posted by 77huat77 > 2016-04-24 18:32 | Report Abuse

Tksw sifu why don't want accept my Friend request ?

Posted by voon1900 > 2016-04-24 18:36 | Report Abuse

maybe down 10sen

Posted by voon1900 > 2016-04-24 18:37 | Report Abuse

maybe drop til stop...wakaka

Posted by calvintaneng > 2016-04-24 18:43 | Report Abuse

Be careful loh!

Insiders of Focus Lumber are Taiwanese.

They have bought Focus Lumber at only Rm1.30 (CHUNKS AND CHUNKS OF THEM!)

And they have been Selling & Selling as if there is no tomorrow!

What is ahead that they SEE?

Why they jump ship?

Hmmm?

Last time Taiwanese shareholders of Kenmark Jumped Ship

Kenmark?

Kena Marked by Con man?

Focus Lumber?

Sounds like

Focus Slumber?

Hmmm?

Slumber means sleepy or people fast asleep - oblivious of all danger.

Aha!

Must focus on all those unwary ikn bilis caught sleeping!

SO WAKE UP!

WAKE UP AND RUN FOR YOUR LIFE!

Or Run With Your Monies Intact!

You have been warned!!

Posted by buddyinvest > 2016-04-24 18:46 | Report Abuse

Run while you still have got the legs

Posted by 77huat77 > 2016-04-24 18:59 | Report Abuse

WTK by calvintaneng go go go see who won at the end of the show!!!!

Posted by calvintaneng > 2016-04-24 19:04 | Report Abuse

Posted by 77huat77 > Apr 24, 2016 06:59 PM | Report Abuse

WTK by calvintaneng go go go see who won at the end of the show!!!!

No need to wait till the end to SEE.

All who buy WTK already made 50% or more on paper already.

See Wtk NTA is Rm2.89 while price is only Rm1.25 (More than 50% discount to NTA) Plus NTA of WTK Consists of VERY VERY PRIME LANDS IN STRATEGIC LOCATIONS!

So WTK?

WHOA
TELAH
KAYA!

Posted by 77huat77 > 2016-04-24 19:16 | Report Abuse

Kayalah Calvin kaya

Posted by Louisong > 2016-04-24 19:59 | Report Abuse

今天有空才来口舌之争，不过现在俺认输啦…
Sorry sorry …说多无用，只会让我自己笑话自己，失身份。

Posted by RosmahMansur > 2016-04-24 20:34 | Report Abuse

@muscle : I am not like u so active in i3 and i dont have so much free time like u and always talk bad abt other ppl. U also went hiding when your Econpile was down last week. But u were active in GAB traits which was uptrending then. Dare to deny?

Posted by paperplane2016 > 2016-04-24 22:16 | Report Abuse

Better listen to my calvin bro. When he also issue warning., you better be careful!

Posted by GorengAyam > 2016-04-24 22:22 | Report Abuse

https://youtu.be/IGVXad7rx4A

Gold backed RMB is in the making...
Saudi Arabia is threatening to unload its USD treasury holdings...
Currency wars coming ????? competitive devaluations.

Posted by paperplane2016 > 2016-04-24 22:23 | Report Abuse

Gold backed rmb is already happening! That why u see gold rise like crazy.

Posted by RosmahMansur > 2016-04-24 22:31 | Report Abuse

@muscle yes u were hiding and chicken up to put your cock head out when Econpile was down trending last week but u were busy crowing at GAB. Liar. Let ppl track you and judge

Posted by Probability > 2016-04-24 23:01 | Report Abuse

calvintaneng has no other stock in the whole wide Bursa to compare with WTK other than FLB. What a low class scavenger...

Posted by Probability > 2016-04-24 23:02 | Report Abuse

muscle must be his sodomy fren

Posted by Max's Lim > 2016-04-25 00:12 | Report Abuse

先声明，我只是一个业余的业务报表简单分析小辈，对于胶合板这门生意/制作过程完全是门外汉。。
既然稻米你问我，我就献丑了。

现在我们来查公司生意背景。

富佳顾客：
通常做代理的，生意模式是在某个国家/地区有着独家经营权（Exclusive distributor）,当地的内需都需要经过这家特定公司来交易，以确保生意伙伴的永久性质。（代理的数量要看国家规模和范围而定，间中可能还会有区域分代理，小分行之类的。）

就找两家吞货量比较大的代理来看看。。

富佳在美国的代理是: 规模相当大的上市公司。

1. Weyerhaeuser / Weyerhaeuser Co (WY:New York)

网站：http://www.weyerhaeuser.com/

胶合板用途非常广，汽车内部装饰只是其一，不能用汽车销售量来估计胶合板的营业额。


美国还有其他三间比较小型的，在这里不谈了。

2. 韩国新代理：暂时不知。

不过从销售量来看，卖去韩国的营业额明显增加，相信是韩国冬运会所赐。
2018年主办，现在准备原料，工程才能如期的如火如荼进行，奥运会嘛。。相信会使用蛮多的高级胶合板。




这里有介绍富佳的PLYWOOD。
Key features of our products:-

1. Seven (7) times more resistant;
2. Stronger in four (4) engineering properties, i.e. bending, tension, compression and planar shear;
3. 40% lighter weight; and
4. Highly impact-resistant.

拜高科技所赐，富佳所使用的原料不在是指定木桐，有相当的好处，盈利也比较好。

Over the years, our Group has invested in advanced machineries to enhance the efficiency of our manufacturing process. Hence, our Group is able to blend our management's technical know-how with ability in operating the advance machineries to produce quality plywood. Hence our Group is now capable of the followings:-

1. Integrating different type of timber logs to produce plywood which has reduced the restriction in the use of only certain types of timber logs;
2. Better production efficiency which increase the recovery logs resulting in lower production cost;
3. Use of smaller logs (which are lower in cost) in the manufacturing operation which has resulted in lower cost of raw material and broaden the source of log supply for its production.
4. Producing plywood with low content of formaldehyde.
5. Our Group adopts the following standards in our plywood manufacturing:-

♦ The product standard for imported wood veneer and platform (IHPA ¨C 2000) ¨C by the

International Wood Products Association, US ("IHPA"); and



♦ Export standard specification of Japanese plywood.


所以下季财报我相信不差，下下季好好，下下下季很好。。我相信继续更好。

Posted by Max's Lim > 2016-04-25 00:14 | Report Abuse

2011年，Lin氏家族在FLBHD的持股是18.36%
目前08-08-15 Lin氏家族在FLBHD持股是25.93%

其实股权变动不在基本面分析里，就像隔壁家把番薯园卖给对面街，都是你情我愿的买卖。

这个频频卖股的Lin Hao Yu, 不在管理层里，是Lin Fong Ming 的孩子。
职位是Promoter / Manager, 不过他的股权在2015年里也增加不少。
他的买价是RM1.3卖价是RM1.69，没得好弹。
若是他的买价是RM1.3卖价是<RM1.30，那我们得自求多福，求神拜佛了。
在这里重点是管理层没卖股权。如果管理层贱卖股权，我们就要找出蛛丝马迹，有阴谋就和公司分手！

给你一些资料参考，给你一点信心。

2011年IPO 的资料：

Lin Fong Ming （父亲）, aged 61, is our Managing Director (现已退休). He was appointed to our Board on 10September 1990.
He is one of our founders. He graduated with a Diploma in Science from the Tung Fang
Institute of Technology. He possesses more than 30 years of experience in the trading of
timber and plywood manufacturing. He has been playing an instrumental role in charting the
strategic direction of our Group. Under his leadership, our Group has grown from a small
company to a major player in the plywood manufacturing industry. With his vast experience
in the industry and technical expertise and know-how in the manufacturing of plywood, our
Group has been able to produce a wide range of quality plywood that meet customers'
requirements and international quality standards.
He started his career in the timber industry as a timber trader in Taiwan, attached to a
timber trading and plywood manufacturing company in Taiwan. Between 1981 and 2002, he
and the other two (2) founders owned a timber trading company in Taiwan where he was a
director of the company. Besides the plywood business, he also has investments in property
development business in the PRC and a petrol station in Taiwan. Due to his extensive
business experience and investments in various countries, he was appOinted as the
President of the East Malaysia Committee of Taipei Investors' Association in Malaysia from
2001 to 2004 and Vice National-President of Taipei Investors' Association Malaysia from
2003 to 2004. He was awarded the Best Overseas Chinese Entrepreneur by the Taiwanese
government in 2005 in recognition of his entrepreneurship achievement overseas. In 2008,
he was appointed as the AdviSOry Official in Malaysia for a year by the Taiwanese
government to assist the government in handling Taiwanese residence affairs in Malaysia.
In 2009, he was appointed for a two (2)-year term as an Overseas Compatriot Affair
Commission member by the Taiwan government. His role as a member of the Overseas
Compatriot Affair Commission is to act as one of the liaison person between the Taiwanese
in Malaysia and the Taiwanese government.

Lin Hao Wen, aged 33（孩子）, is our Executive Director. He was appointed to our Board on 14 July2009.
He completed his Degree in Computer Science from Yuan-Ze University, Taiwan in 2001
and subsequently pursued his Masters in Business Administration in Eastern Michigan
University, US majoring in Supply Chain Management. He graduated in 2006 and started
his career with our Group in 2007 as Assistant to the Managing Director. He is currently
assisting our Managing Director in overseeing the business operation of our Group in the
areas of production and marketing

7.1.2 Profile of promoters and substantial shareholders
The profiles of our promoters and substantial shareholders of our Company, who are
also our directors and key management, are set out in Sections 7.2.2 and 7.4.2 of this
Prospectus.

The following are the profiles of our Company's promoters and substantial
shareholders who are not our directors or key management:-

Lin Hao Yu, aged 34 （孩子）, joined our Group in 2009 as a Manager.
He has more than ten(10) years of working experience in the timber industry. He started his working careerwith our Company in 1998 as a general production manager. He left to join a veneer production factory in Cambodia from 2000 to 2003 as a manager. He returned to
Malaysia to join a company involved in sawmilling from 2004 to 2008, holding the
position of production manager and subsequently rejoined our Group in 2009.


不能说包赚，但是在赢面比较大的机率里，我可以买，买FLBHD, 买未来。
信心来自功课，加油！

Posted by oregami > 2016-04-25 07:24 | Report Abuse

Like

Posted by tksw > 2016-04-25 08:38 | Report Abuse

Max's Lim is a big sifu!!!! Salute!!!

Posted by tksw > 2016-04-25 08:46 | Report Abuse

Calvitaneng sifu, where did you get the info the insider bot at 130? Why you dun tell me this when they buy? help me make some mani ma... veli shoi one you, dun sellfish ler

Posted by calvintaneng > 2016-04-25 08:56 | Report Abuse

Posted by tksw > Apr 25, 2016 08:46 AM | Report Abuse

Calvitaneng sifu, where did you get the info the insider bot at 130? Why you dun tell me this when they buy? help me make some mani ma... veli shoi one you, dun sellfish ler

Answer:

Directors bought by proxy or through off market dealings and the Sold from Rm1.60 to Rm2.00 to unwary ones

Posted by calvintaneng > 2016-04-25 08:57 | Report Abuse

Posted by calvintaneng > Apr 24, 2016 10:55 PM | Report Abuse X

The majority of Focus Lumber export is to the US.

Its past quarters result surged due to Ringgit crash against US Dollar

Like all furniture export stocks 3 things can happen

1) Rise of Ringgit against USD can reverse growth profit.

2) More expensive plywood from Malaysia means less sales due to competition from plywood elsewhere like Thailand, Indonesia, Taiwan, Vietnam, Brazil & others.

3) At its worst there might even be bad debt.

So the Crash of Ringgit accelerate profits for FLB

Now the Rise of Ringgit can also exacerbate its losses.

Are these reasons why Insiders are getting out?

Now the Good News for WTK

Its Logs Exports. According SPG By Dynaquest the Logs export of WTK Mainly go to Japan. Now with 2 major recent earthquakes Japan will need a lot of logs from WTK for reconstruction.

And WTK also benefit from CPO price rise.


paperplane2016
3624 posts
Posted by paperplane2016 > Apr 24, 2016 11:10 PM | Report Abuse

Yes. Wtk shld do well.

Posted by calvintaneng > 2016-04-25 08:59 | Report Abuse

Posted by calvintaneng > Apr 25, 2016 08:43 AM | Report Abuse X

If an industry does well all its peers in the same group will rise or fall in tandem as a whole

Did it ever occur to anyone why Cymao did so badly with losses and also bad debts. And Cymao's directors are also Taiwanese while Focus Lumber is doing "so well".

And Directors of Cymao are keeping and buying more company shares while FLB directors are selling like no tomorrow?

These are the Cymao Directors below:

Mr Lin, Tsai-Rong
(Managing Director)
Taiwanese, aged 79, was appointed to the Board of Cymao on 13 November 2003. He obtained a Bachelor of Science
majoring in Plant Pathology from National Chong Hsien University, Taiwan, in 1958. He started his career in woodbased
industries with Cyma Plywood and Lumber Co. Ltd, Taiwan (“CPLC”) in 1962 and worked his way up from being
the Production Line Foreman, Supervisor, Section Chief, Production Manager, Factory Manager, Director of Research
and Development (R&D) to Vice President of CPLC. He has in-depth and comprehensive knowledge of running an
efficient and innovative wood-based company. In 1991, He founded Cymao Plywood Sdn Bhd (“CPSB”) and built the
company into what it is today. Being the Managing Director of CPSB, he commands very strong and loyal support
from the production workforce necessary to ensure the success of the business.
Mr Lin, Kai-Min
(Executive Director)
Taiwanese, aged 45, was appointed to the Board of Cymao on 13 November 2003. He graduated from Fu-Jen
University, Taiwan, with a Bachelor of Science majoring in Accounting in 1993. He joined CPSB in 1994 as a Production
Line Foreman and was given extensive production training. He became the Log Purchasing Manager from 1997 to
1998 in CPSB and subsequently headed its Finance Department. Armed with extensive training and experience from
all aspects of production, raw materials and accounting, he is now heading the Finance and Marketing Department.
Mr Lin, Kai-Hsuan
(Executive Director)
Taiwanese, aged 47, was appointed to the Board of Cymao on 13 November 2003. He graduated from University of
California Los Angeles, USA, with a Bachelor of Science in Applied Mathematics and a minor in economics in 1991.
He subsequently obtained a Master of Science in Forest Science with emphasis in Expert System from Texas A & M
University, USA in 1993. He joined CPSB in 1994 as the Quality Controller, then took on the post of Factory Manager
in 2000 and in the same year he was made the R&D Director. He was made the Vice President of CPSB in 2001.
8
CYMAO HOLDINGS BERHAD (445931-U)
Directors’
Profile
(cont’d)
Mdm Lin Hsu, Li-Chu
(Non-Independent Non-Executive Director)
Member of Audit Committee
Member of Nomination Committee and Remuneration Committee
Taiwanese, aged 72, was appointed to the Board of Cymao on 13 November 2003. She was a teacher at Hsi-Chih
Primary School from 1960 to 1981 after earning her Diploma in Education from National Taipei Teachers’ College in 1961.


calvintaneng
10904 posts
Posted by calvintaneng > Apr 25, 2016 08:48 AM | Report Abuse X

When steel does well Annjoo, Southern Steel & Masteel all did well. And vice versa they all did badly due to China steel dumping last time.

Both Focus Lumber & Cymao deal with veneer & plywood. Both are owned by Taiwanese Directors.

Cymao is doing badly while FLB is doing exceedingly well.

The Directors of Cymao have been with the Company since year 2003 - 13 years still holding firm. The Directors of Focus Lumber are only with FLB since 2009 to 2011 (a mere few years only.

Just THINK carefully.

If something is "too good to be true" it usually is.